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IRS Provides Additional Tax Filing and Payment Relief to Taxpayers

Stacy R. Campbell

April 10, 2020

On April 9, 2020, the IRS issued Notice 2020-23 expanding Federal tax filing and payment relief in response to the COVID-19 pandemic.

In late March, the IRS and Secretary of the Treasury stated that certain filing and payment deadlines falling on April 15, 2020 would be postponed until July 15, 2020. This new notice expands on the previously issued guidance and applies to all taxpayers having a filing or payment deadline falling on or after April 1, 2020 and before July 15, 2020. Individuals, estates, trusts, corporations, and exempt organizations, as well as Americans living abroad and gift tax filings, are included in the notice. This relief is automatic; taxpayers do not have to file a form or be directly impacted by COVID-19 to qualify. Also included in this notice are estimated tax payments with a due date of June 15, 2020. These payments are also now due on July 15, 2020.

Individuals wishing to extend the filing of their 2019 income tax returns until October 15, 2020 still may do so by filing Form 4868 and paying any tax due on or before July 15, 2020. Businesses may do the same by filing Form 7004. Any tax due will be free from interest and penalties until July 15, 2020. After that date, interest and penalties will begin to accrue.

Additionally, the final due date to claim a refund for or amend timely filed 2016 tax returns that was set to expire on April 15 is also extended until July 15, 2020.

We will continue to monitor state and local jurisdictions for their changes to these filing and payment dates.

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